Shengtak New Material Balance Sheet Health
Financial Health criteria checks 4/6
Shengtak New Material has a total shareholder equity of CN¥1.2B and total debt of CN¥604.3M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are CN¥2.9B and CN¥1.7B respectively. Shengtak New Material's EBIT is CN¥273.8M making its interest coverage ratio 21.3. It has cash and short-term investments of CN¥241.0M.
Key information
50.6%
Debt to equity ratio
CN¥604.29m
Debt
| Interest coverage ratio | 21.3x |
| Cash | CN¥240.99m |
| Equity | CN¥1.19b |
| Total liabilities | CN¥1.67b |
| Total assets | CN¥2.87b |
Recent financial health updates
No updates
Recent updates
Why Shengtak New Material's (SZSE:300881) Earnings Are Weaker Than They Seem
Oct 31
There Are Reasons To Feel Uneasy About Shengtak New Material's (SZSE:300881) Returns On Capital
Oct 16Investors Holding Back On Shengtak New Material Co., Ltd (SZSE:300881)
Sep 25Shengtak New Material (SZSE:300881) Has Announced That It Will Be Increasing Its Dividend To CN¥0.5528
May 26Here's Why We Think Shengtak New Material (SZSE:300881) Is Well Worth Watching
May 22There May Be Underlying Issues With The Quality Of Shengtak New Material's (SZSE:300881) Earnings
Apr 29Shengtak New Material Co., Ltd (SZSE:300881) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Mar 07Financial Position Analysis
Short Term Liabilities: 300881's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300881's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥238.5M).
Debt to Equity History and Analysis
Debt Level: 300881's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: 300881's debt to equity ratio has increased from 28.9% to 50.6% over the past 5 years.
Debt Coverage: 300881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300881's interest payments on its debt are well covered by EBIT (21.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 08:57 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shengtak New Material Co., Ltd is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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